Mark Cuban accused of operating a ‘Ponzi Scheme’ with Voyager Digital

Mark Cuban accused of operating a ‘Ponzi Scheme’ with Voyager Digital

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Billionaire investor and Dallas Mavericks owner Mark Cuban has been named in a class-action lawsuit alongside the bankrupt crypto brokerage … Read more

Hackers steal $611,500 worth of user’s funds by hijacking the Curve Finance homepage

Hackers steal 1,500 worth of user’s funds by hijacking the Curve Finance homepage

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Hackers continue to search for weaknesses in popular decentralized finance protocols, and Curve Finance is the latest platform to fend … Read more

Epic Games won’t ban the use of NFTs in games, says CEO Tim Sweeney

Epic Games won’t ban the use of NFTs in games, says CEO Tim Sweeney

Epic Games CEO Tim Sweeney tweeted that the company doesn’t have any plans of banning non-fungible-tokens (NFTs) from its games. This comes as Microsoft-owned Minecraft announced that it will soon ban the use of NFTs on community-run Minecraft game servers. “Developers should be free to decide how to build their games, and you are free … Read more

Crypto lender Nexo offers to buy embattled rival Vauld

Crypto lender Nexo offers to buy embattled rival Vauld

Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it … Read more

The British Army’s YouTube and Twitter Accounts Were Hacked

The British Army’s YouTube and Twitter Accounts Were Hacked

Over the weekend, while many in the United States were pre-gaming today’s Fourth of July holiday celebrationsin the UK, the British Army was scrambling to regain control of its Twitter and YouTube accounts that had both been hacked to promote NFTs and other crypto investment scans. According to the BBC, at one point over the … Read more

North Korea likely behind $100 million Horizon crypto hack: Experts

North Korea likely behind 0 million Horizon crypto hack: Experts

A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Pictures | light rocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, … Read more

Cryptocurrency Miners Are Selling Off GPUs For Cheaper

Cryptocurrency Miners Are Selling Off GPUs For Cheaper

Photo: Joby Sessions / PC Gamer Magazine / Future (Getty Images) The crypto market is continuing to fall, which has led a ton of miners to exit the market or to downscale their operations, thus finding themselves in possession of valuable computer components that they now no longer need. Some such miners, many from China … Read more

11 Times Elon ‘Dogefather’ Musk Said to NEVER Invest in Crypto

11 Times Elon ‘Dogefather’ Musk Said to NEVER Invest in Crypto

Tesla CEO Elon Musk, who last year proclaimed himself the “Dogefather,” wants you to know that he never told people to invest in cryptocurrency, sparking confusion among those familiar with his enthusiasm for the subject. Speaking on Tuesday at Bloomberg’s Qatar Economic Forumthe richest man in the world stepped away from his past bullishness on … Read more

TSX-listed crypto company Voyager Digital warns of US$655-million loan default, shares plummet 53 per cent

TSX-listed crypto company Voyager Digital warns of US5-million loan default, shares plummet 53 per cent

TSX-listed Voyager Digital Ltd.’s VOYG-T stock lost half its value in a single day after management warned of a potential default on a US$655-million loan to a troubled hedge fund, as investors continue to fear financial contagion owing to the crypto sector’s recent crash. Voyager, which went public in Canada in 2019, was historically known … Read more

South Korea puts crypto company Terraform Labs’ staff on no-fly list

South Korea puts crypto company Terraform Labs’ staff on no-fly list

The collapse of the Terra ecosystem will go down as one of the most painful and devastating chapters in crypto history. Gabby Jones | Bloomberg via Getty Images Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. … Read more